Wealth manager Brewin Dolphin has launched the MI Select Managers (MISM) Alternatives Fund as the fifth product in its segregated mandates range.
The funds are the building blocks for its Managed Portfolio Service (MPS) and the MI Brewin Dolphin Voyager fund range for advisers.
The alternatives fund invests in property, commodities and absolute return to give diversification to the end clients’ portfolios and to counter times of equity market volatility.
It will sit alongside the four other segregated mandates covering UK Equity, UK Equity Income, North American Equity and Global Bonds, and will reduce the cost for advisers’ clients of accessing the alternative asset classes.
Antony Champion, head of intermediaries at Brewin Dolphin, said: “When we decided to enhance our MPS by launching the segregated mandates strategy, at the heart of that decision was a desire to offer a cost-effective, streamlined investment solution that catered for the needs of more advisers’ clients.
“Today’s launch of the MI Select Managers Alternatives Fund is testament to the continued innovation and enhancement of our propositions for the benefit of advisers’ clients.”
Brewin has appointed Maitland as the authorised corporate director and administrator for the fund.
